DB:DRJ

Stock Analysis Report

Executive Summary

De Raj Group AG, through its subsidiaries, operates in the oil and gas business in Asia and Europe.

Snowflake

Fundamentals

Worrying balance sheet with weak fundamentals.

Share Price & News

How has De Raj Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

7.4%

DRJ

-0.1%

DE Energy Services

1.4%

DE Market


1 Year Return

-45.1%

DRJ

-30.0%

DE Energy Services

3.7%

DE Market

Return vs Industry: DRJ underperformed the German Energy Services industry which returned -30% over the past year.

Return vs Market: DRJ underperformed the German Market which returned 3.7% over the past year.


Shareholder returns

DRJIndustryMarket
7 Day7.4%-0.1%1.4%
30 Day-10.3%-6.7%1.3%
90 Day-48.0%-10.5%3.4%
1 Year-45.1%-45.1%-28.3%-30.0%7.0%3.7%
3 Yearn/a-30.9%-43.7%18.5%8.3%
5 Yearn/a-60.9%-82.4%42.2%22.9%

Price Volatility Vs. Market

How volatile is De Raj Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is De Raj Group undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether De Raj Group is trading at an attractive price based on the cash flow it is expected to produce in the future. But as De Raj Group has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of DRJ’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through De Raj Group regulatory filings.
  • Explore potentially undervalued companies in the Energy industry.

Future Growth

How is De Raj Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

38.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DRJ is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: DRJ is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: DRJ is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if DRJ's revenue is forecast to grow faster than the German market.

High Growth Revenue: Insufficient data to determine if DRJ's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if DRJ's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has De Raj Group performed over the past 5 years?

-92.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: DRJ is unprofitable, and losses have increased over the past 5 years at a rate of -92.8% per year.

Accelerating Growth: Unable to compare DRJ's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: DRJ is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (38.4%).


Return on Equity

High ROE: DRJ has a negative Return on Equity (-1.34%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: DRJ is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: DRJ is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is De Raj Group's financial position?


Financial Position Analysis

Short Term Liabilities: DRJ's short term assets (€6.4M) do not cover its short term liabilities (€11.3M)

Long Term Liabilities: DRJ's short term assets (6.4M) do not cover its long term liabilities (13.2M)


Debt to Equity History and Analysis

Debt Level: DRJ's debt to equity ratio (15.3%) is considered satisfactory

Reducing Debt: Insufficient data to determine if DRJ's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: DRJ has a high level of physical assets or inventory.

Debt Coverage by Assets: DRJ's debt is not covered by short term assets (assets are 0.3x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if DRJ has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if DRJ has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is De Raj Group's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage4.4%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate DRJ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate DRJ's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if DRJ's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DRJ's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of DRJ's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

What is the CEO of De Raj Group's salary, the management and board of directors tenure and is there insider trading?

1.2yrs

Average management tenure


CEO

Vaidyanathan Nateshan 0

0.4yrs

Tenure

0

Mr. Vaidyanathan Mulandram Nateshan has been Member of the Management Board and Group Chief Executive Officer at De Raj Ag since May 21, 2019. 


Management Age and Tenure

1.2yrs

Average Tenure

Experienced Management: DRJ's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Age and Tenure

0.8yrs

Average Tenure

Experienced Board: DRJ's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Edwin Lim

    Chief Legal Officer

    • Tenure: 0yrs
  • Nicholas de Raj

    Deputy CEO of Corporate Affairs & Member of the Management Board

    • Tenure: 1.9yrs
  • Nagendran Nadarajah

    Chairman of the Management Board

    • Tenure: 1.9yrs
  • Carlo Arachi (48yo)

    Member of Management Board

    • Tenure: 0.4yrs
  • Vaidyanathan Nateshan

    Group CEO & Member of the Management Board

    • Tenure: 0.4yrs

Board Members

  • Devarajah Navaratnam

    Member of Supervisory Board

    • Tenure: 0.8yrs
  • Renata De Raj (64yo)

    Deputy Chairwoman of Supervisory Board

    • Tenure: 0.8yrs
  • Alexander De Raj (30yo)

    Chairman of Supervisory Board

    • Tenure: 2.3yrs

Company Information

De Raj Group AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: De Raj Group AG
  • Ticker: DRJ
  • Exchange: DB
  • Founded:
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: €93.100m
  • Shares outstanding: 35.00m
  • Website: https://www.thederajgroup.com

Number of Employees


Location

  • De Raj Group AG
  • Christophstrasse 15 – 17
  • Cologne
  • North Rhine-Westphalia
  • 50670
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DRJDB (Deutsche Boerse AG)YesOrdinary Bearer SharesDEEURFeb 2018
DRJXTRA (XETRA Trading Platform)YesOrdinary Bearer SharesDEEURFeb 2018

Biography

De Raj Group AG, through its subsidiaries, operates in the oil and gas business in Asia and Europe. It provides various solutions for the monetization of oil and gas fields for National oil companies, comp ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 22:09
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.